Quizzes & Puzzles25 mins ago
You Will Work Longer Because It Is Good For You
24 Answers
We care about your health so much we are going to increase the working age. It has nothing to do with funding serious flaws it is soley to protect your health.
This is rediculous and the british public will accept it as always I am guessing.
You are free to do anything we tell you that you can.
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This is rediculous and the british public will accept it as always I am guessing.
You are free to do anything we tell you that you can.
http://
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"There is now general agreement that state pension ages should be raised. The Government should take firmer action here and also deregulate labour markets. Working longer will not only be an economic necessity, it also helps people to live healthier lives."
It takes away your freedom to stop working to pay for this rediculous financial mess full of greed and selfishness. This is just a story to support the impending retirement age raised. IT is exactly the same as "Iraq linked to terrorism and weapons of mass destruction".
Its complete rubbish.
It takes away your freedom to stop working to pay for this rediculous financial mess full of greed and selfishness. This is just a story to support the impending retirement age raised. IT is exactly the same as "Iraq linked to terrorism and weapons of mass destruction".
Its complete rubbish.
Problem is, at least here in the U.S., the longevity and actuarial charts no longer mesh. The actuarials were, when pensions were originally calculated, based on a lngevity expectation of around 20 years or less. Hence the arbitrary retirement age of 62 (here). Back in the day that person would have expected to live to be about 75 or, if a woman, maybe 78. Today, the longevity charts indicate a rise to at least 80 if not more. Hence the real pinch on almost all pensions, private or or our Social Security run by the government.
A raise in the qualification age by one year would do wonders at stabilizing the Social Security fund, which, at its current rate is due to expire in 2043. As to jnop's observation, ever expanding business and wealth creation is supposed to take care of the conundrum he expresses. Unfortunately, the near world-wide recession has stymied that aspect... hence what we observe happening in Greece could soon inflict other parts of the world.
In my own opinion, the real problem lies in the populace (generally) relying on someone else, usually government, to provide for them rather than shouldering that burden themselves...
A raise in the qualification age by one year would do wonders at stabilizing the Social Security fund, which, at its current rate is due to expire in 2043. As to jnop's observation, ever expanding business and wealth creation is supposed to take care of the conundrum he expresses. Unfortunately, the near world-wide recession has stymied that aspect... hence what we observe happening in Greece could soon inflict other parts of the world.
In my own opinion, the real problem lies in the populace (generally) relying on someone else, usually government, to provide for them rather than shouldering that burden themselves...
I do not think it unreasonable to raise the age at which you have to retire or take a pension at least somewhat, given our greater life expectancies.
Not sure they have demonstrated a causal link between work and health benefits though - rather that it is important to remain active physically and mentally. Work can do that, but then again so can an active retirement.
And The Institute for Economic Affairs is well known, well-established free-market think tank, so it is important to recognise that their agenda will be reflected in the report.
Not sure they have demonstrated a causal link between work and health benefits though - rather that it is important to remain active physically and mentally. Work can do that, but then again so can an active retirement.
And The Institute for Economic Affairs is well known, well-established free-market think tank, so it is important to recognise that their agenda will be reflected in the report.
“…the real problem lies in the populace (generally) relying on someone else, usually government, to provide for them rather than shouldering that burden themselves…”
Very true, clanad, especially here in the UK. In fact the problem here begins before retirement with large numbers of people depending on the State to meet their every need throughout their lives. However, back to retirement. Huge numbers of people here put aside far too little for their retirement, foolishly believing they can get by quite well on just the State pension.
And the problem is not “… in their not having enough childfren to pay into the pension pot.”, jno. People should not depend on current contributions to pay their pension. This is akin to a Ponzi scheme and is extremely foolish. Pensions should be funded by investing workers’ contributions on their behalf so that they are available to draw on when required. The State pension relies on the Ponzi principle; it is therefore not properly funded and there is not genuine relationship between cash paid in and that paid out.
Very true, clanad, especially here in the UK. In fact the problem here begins before retirement with large numbers of people depending on the State to meet their every need throughout their lives. However, back to retirement. Huge numbers of people here put aside far too little for their retirement, foolishly believing they can get by quite well on just the State pension.
And the problem is not “… in their not having enough childfren to pay into the pension pot.”, jno. People should not depend on current contributions to pay their pension. This is akin to a Ponzi scheme and is extremely foolish. Pensions should be funded by investing workers’ contributions on their behalf so that they are available to draw on when required. The State pension relies on the Ponzi principle; it is therefore not properly funded and there is not genuine relationship between cash paid in and that paid out.
Some retire because they know they can not achieve what they once could. This will skew figures to make it look as if the cause of any problems is retirement rather than vice versa. I trust nothing that appears to get folk who have worked all their life carry on until they drop whist those without a job have to remain on welfare. It's a very weird attempt at manipulation.
